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旷世猛男
旷世猛男
·
2023-04-11
It is sign of all in
Goldman Sachs: Poor earnings season for US stocks is approaching, what should investors pay attention to?
企业的利润率、是否利用AI来削减成本和提高运营效率、削减支出，以及制定保护自己投资组合的策略将是这场市场风暴中的焦点。
Goldman Sachs: Poor earnings season for US stocks is approaching, what should investors pay attention to?
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旷世猛男
旷世猛男
·
2023-04-07
How next MaYuns are？
Does Li Bin want to become the next Liu Qiangdong?
蔚来和李斌还是那么喜欢赌，下大力气、花大价钱去搏一个自己的未来。
Does Li Bin want to become the next Liu Qiangdong?
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旷世猛男
旷世猛男
·
2023-02-21
so？
Faraday Future's pre-market gains extended, with plans to begin production of the FF 91 on March 30.
周二，法拉第未来美股盘前持续走高，截至发稿涨幅超13%。法拉第未来于官网发布公告称，在公司投资人的资金如期到位后，计划于3月30日开始生产FF 91 Futurist。
Faraday Future's pre-market gains extended, with plans to begin production of the FF 91 on March 30.
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旷世猛男
旷世猛男
·
2023-02-20
Buy stock against Goldman Sachs😄
Goldman Sachs is not afraid of adjustments! It is predicted that China's stock index will rise another 24% this year
中国股市自1月下旬以来的下跌势头即将出现逆转。
Goldman Sachs is not afraid of adjustments! It is predicted that China's stock index will rise another 24% this year
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旷世猛男
旷世猛男
·
2023-02-17
clear
Wang Yawei's "bottom-fishing trip to the US" exposed: digging local coal and refining local steel.
美股投资重现江湖
Wang Yawei's "bottom-fishing trip to the US" exposed: digging local coal and refining local steel.
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旷世猛男
旷世猛男
·
2023-02-16
It is time to cut
Betting on the Chinese market has become the "most crowded trade" on Wall Street.
中国股市仍有进一步的上涨空间。
Betting on the Chinese market has become the "most crowded trade" on Wall Street.
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旷世猛男
旷世猛男
·
2023-02-16
great fox
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旷世猛男
旷世猛男
·
2023-02-10
he just look down economic of some country
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旷世猛男
旷世猛男
·
2023-02-05
Villa is still there，but owner has been otherplace of the world。
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旷世猛男
旷世猛男
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2023-02-02
……
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is sign of all in","listText":"It is sign of all in","text":"It is sign of all in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/653546461","repostId":"2326931613","repostType":4,"repost":{"id":"2326931613","kind":"highlight","pubTimestamp":1681139118,"share":"https://ttm.financial/m/news/2326931613?lang=en_US&edition=fundamental","pubTime":"2023-04-10 23:05","market":"us","language":"zh","title":"Goldman Sachs: Poor earnings season for US stocks is approaching, what should investors pay attention to?","url":"https://stock-news.laohu8.com/highlight/detail?id=2326931613","media":"华尔街见闻","summary":"企业的利润率、是否利用AI来削减成本和提高运营效率、削减支出，以及制定保护自己投资组合的策略将是这场市场风暴中的焦点。","content":"<p><html><head></head><body>Companies' profit margins, whether they use AI to cut costs and improve operational efficiency, reduce expenses, and develop strategies to protect their portfolios will be the focus of this market storm.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Warnings indicate that U.S. stocks will experience their worst earnings season since the pandemic, but four key factors can still protect investors' interests.</p><p>On Sunday local time, a team led by David Kostin, chief U.S. equity strategist at Goldman Sachs, said in a research report that although U.S. stocks may be experiencing their worst earnings season in three years, leading to a sharp drop, developing appropriate investment strategies may help investors protect their portfolios.</p><p>As the U.S. economic outlook deteriorated in the first quarter, analysts sharply lowered their expectations. 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That's why companies with reliable plans to protect their profit margins should be favored by investors.</p><p>Goldman Sachs stated:</p><p>With profit margins expected to see their biggest quarterly contraction since the pandemic, investors will be focused on which companies manage to maintain profit margins, and how. Improving pricing power, cutting costs, or implementing stricter cost management strategies may pay off.<strong>The second point is whether companies are using artificial intelligence (AI) to reduce costs and improve operational efficiency.</strong>The rise of ChatGPT has made AI one of the most watched investment trends in 2023.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Parent company Alphabet,<a href=\"https://laohu8.com/S/GOOG\">Google</a>and<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>Large tech companies such as [list of companies] have dominated the AI field, with their earnings gains offsetting weakness in other market sectors and pushing the Nasdaq 100 back into bull territory.</p><p>Goldman Sachs stated that in this way, companies can offset weak profits and sales and leverage AI to their advantages, especially if AI can help improve profit margins by increasing labor efficiency.</p><p>Businesses are gradually adopting generative artificial intelligence to automate work tasks and improve labor efficiency, which could be a new potential positive factor for profit margins.<strong>The third point is that businesses cut spending.</strong>This sign has already begun to appear.</p><p>Goldman Sachs stated that its share buybacks fell by more than 20% in the fourth quarter of last year compared to the fourth quarter of 2021, remaining weak. 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According to data compiled by FactSet, Wall Street expects U.S. corporate operating profits to shrink by an average of 6.8% in the first quarter. If this becomes a reality, it would mark the worst quarterly contraction in U.S. corporate profits since the third quarter of 2020.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14200df1bdec7b16de0cae7aa28f3bf5\" title=\"\" tg-width=\"1024\" tg-height=\"784\"/></p><p>Goldman Sachs believes<strong>First, corporate profit margins will be key.</strong>The worst inflation in 40 years is squeezing corporate profit margins. Last quarter, profit margins of S&P 500 companies fell by 11.2%, exceeding expectations of 11.1%. That's why companies with reliable plans to protect their profit margins should be favored by investors.</p><p>Goldman Sachs stated:</p><p>With profit margins expected to see their biggest quarterly contraction since the pandemic, investors will be focused on which companies manage to maintain profit margins, and how. Improving pricing power, cutting costs, or implementing stricter cost management strategies may pay off.<strong>The second point is whether companies are using artificial intelligence (AI) to reduce costs and improve operational efficiency.</strong>The rise of ChatGPT has made AI one of the most watched investment trends in 2023.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Parent company Alphabet,<a href=\"https://laohu8.com/S/GOOG\">Google</a>and<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>Large tech companies such as [list of companies] have dominated the AI field, with their earnings gains offsetting weakness in other market sectors and pushing the Nasdaq 100 back into bull territory.</p><p>Goldman Sachs stated that in this way, companies can offset weak profits and sales and leverage AI to their advantages, especially if AI can help improve profit margins by increasing labor efficiency.</p><p>Businesses are gradually adopting generative artificial intelligence to automate work tasks and improve labor efficiency, which could be a new potential positive factor for profit margins.<strong>The third point is that businesses cut spending.</strong>This sign has already begun to appear.</p><p>Goldman Sachs stated that its share buybacks fell by more than 20% in the fourth quarter of last year compared to the fourth quarter of 2021, remaining weak. In addition, several leading economic indicators show that companies are cutting spending on capital projects and research and development. Therefore, investors are expected to pay close attention to any relevant signs that emerge during the earnings call.</p><p><strong>The fourth point is that investors need to develop strategies to protect their portfolios.</strong></p><p>In the past, large tech stocks have supported the S&P 500's rally, while value-driven stocks have lagged behind the broader market after performing well in 2022. Technically speaking, when a company's profits shrink for two consecutive quarters, it can be called a \"profit recession\". While earnings recessions usually coincide with broader economic recessions, this is not always the case.</p><p>Ed Yardeni, president of Research firm Yardeni Research, cited data from Standard & Poor's to say that historically, earnings per share of S&P 500 companies have always declined during economic recessions. However, the situation may be different this time, and corporate profits may decline without a full-blown economic recession.</p><p>Regardless of the overall economic situation, some still expect weak corporate earnings to push the S&P 500 back to its lows of last October, when the index fell below 3,600 points.</p><p>Phil Orlando, chief equity strategist at Federated Hermes, advocates a defensive investment strategy, focusing on lower-priced value stocks, small-cap stocks, and international stocks, as well as sectors with lower risk and higher Dividend yields. \"We still prefer cash and U.S. Treasury bonds.\"</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3686124\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c071f2ab0c6974c2d1c9c1f5115fb3fc","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://wallstreetcn.com/articles/3686124","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2326931613","content_text":"企业的利润率、是否利用AI来削减成本和提高运营效率、削减支出，以及制定保护自己投资组合的策略将是这场市场风暴中的焦点。高盛警告称，美股将出现自疫情以来最糟糕的财报季，但仍有四个关键因素可以保护投资者的利益。当地时间周日，高盛首席美国股票策略师 David Kostin 带领的团队在研报中表示，尽管美股可能迎来3年以来的最糟糕财报季，导致美股暴跌，但制定适宜的投资策略可能有助于投资者保护自己的投资组合。随着美国第一季度经济前景恶化，分析师大幅下调了他们的预期。根据 FactSet 汇编的数据，华尔街预计，美国企业一季度的营业利润将平均萎缩6.8%。如果这成为现实，将标志着美国企业利润自2020年第三季度以来最严重的季度收缩。高盛认为，首先，企业利润率将是关键。40年来最严重的通胀正在挤压企业的利润率。上个季度，标普500指数成分股公司的利润率下降了11.2%，超过了预期的11.1%。正因如此，那些有可靠计划保护其利润率的公司应该会得到投资者的青睐。高盛表示：由于利润率预计将出现疫情以来最大的季度萎缩，投资者将关注哪些公司设法保持利润率，以及通过什么方式保持利润率。 提高定价能力、削减成本或实行更严格的费用管理战略可能会获得回报。第二点是企业是否在利用人工智能AI来削减成本和提高运营效率。由于ChatGPT的兴起使AI成为2023年最受关注的投资趋势之一，微软母公司Alphabet、谷歌和英伟达等大型科技公司在AI领域占据了主导地位，其业绩上涨抵消了其他市场板块的疲软，同时推动纳斯达克100指数重回牛市区间。高盛表示，通过这种方式，企业能够弥补利润和销售的疲软，并利用AI来发挥自己的优势，尤其是如果AI能够通过提高劳动效率来帮助提高利润率：企业逐渐采用生成式人工智能来使工作任务自动化，提高劳动效率，这可能是利润率的一个新的潜在利好因素。第三点是企业削减支出，这一迹象已经开始显现。高盛表示，与2021年第四季度相比，去年第四季度高盛的股票回购下降了20%以上，仍然处于疲软状态。此外，几项领先的经济指标显示，企业正在削减资本项目和研发方面的支出。因此，预计投资者将密切关注财报电话会中出现的任何相关迹象。第四点是投资者需要制定保护自己投资组合的策略。过去，大型科技股一直支撑着标普500指数的涨势，而以价值为导向的股票在2022年表现出色后却落后于大盘。从技术上讲，当企业盈利连续两个季度萎缩时，就可以称之为“盈利衰退”。 虽然盈利衰退通常与更广泛的经济衰退同时出现，但情况并非总是如此。研究公司 Yardeni Research 总裁 Ed Yardeni 引用标准普尔的数据表示，从历史上看，在经济衰退期间，标普500指数成分股公司的每股收益总是会下降。但这一次情况可能有所不同，在没有出现经济全面衰退的情况下，企业盈利就可能会下降。无论整体经济形势如何，仍有人预计疲软的企业业绩可能推动标普500指数回落至去年10月的低点，当时该指数跌破了3600点。Federated Hermes 首席股市策略师 Phil Orlando 主张采取防御型的投资策略，重点关注价格较低的价值股、小盘股和国际股，以及具有较低风险和较高股息收益率的行业，“我们仍喜欢现金和美债”。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":4982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":653614216,"gmtCreate":1680825060837,"gmtModify":1680825060837,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"title":"","htmlText":"How next MaYuns are？","listText":"How next MaYuns are？","text":"How next MaYuns are？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/653614216","repostId":"1182296461","repostType":4,"repost":{"id":"1182296461","kind":"news","pubTimestamp":1680787547,"share":"https://ttm.financial/m/news/1182296461?lang=en_US&edition=fundamental","pubTime":"2023-04-06 21:25","market":"us","language":"zh","title":"Does Li Bin want to become the next Liu Qiangdong?","url":"https://stock-news.laohu8.com/highlight/detail?id=1182296461","media":"华尔街见闻","summary":"蔚来和李斌还是那么喜欢赌，下大力气、花大价钱去搏一个自己的未来。","content":"<p><html><head></head><body>Author | Chai Xuchen</p><p>Nio and Li Bin still love gambling, putting in a lot of effort and spending a lot of money to fight for their own future.<br/><br/>On March 28, Nio' third-generation battery swapping station made its debut, which is a major weapon that distinguishes it from its competitors and an important bargaining chip in its big bet on the future.<br/><br/>The number of battery positions in the new battery swapping stations has increased from 13 to 21, and the daily service capacity of the stations is 30% higher than that of the second-generation stations; Battery swapping time has been reduced to less than 5 minutes; Some third-generation stations will also be equipped with LiDAR and Nvidia chips, which will be provided to sub-brand models such as Alps that do not have intelligent driving features.<br/><br/>Furthermore, the \"shrewd\" Nio even combined supercharging piles and battery swapping stations. According to Shen Fei, Senior Vice President of Nio Energy, an integrated charging and swapping station is equivalent to an investment in a high-voltage system, which is used for both battery swapping and charging.<br/><br/>The configuration is not the most impressive part. Nio’s ambition is reflected in the number of battery swapping stations. This year, it plans to build about 1,000 new third-generation battery swapping stations across the country, of which about 600 will be deployed in urban areas and some will be built in third- and fourth-tier cities.<br/><br/>It's worth noting that since Nio launched its first battery swapping station in 2018, it currently has only about 1,300 stations. Building 1,000 new ones is equivalent to doubling the number this year.<br/><br/>However, the strategy of building a large number of battery swapping stations inevitably draws skepticism from investors for a car company that is still operating at a loss.<br/><br/>In the fourth quarter of 2022, Nio’s gross profit margin plummeted to 3.9%, and it was only 10.4% for the whole year. Nio' net loss also climbed to 5.786 billion yuan in the quarter, nearly doubling year-on-year.<br/><br/>However, Shen Pei stated frankly that the battery swapping station will definitely not be blamed for this (loss), as the value created by battery swapping is enormous.<br/><br/>The value he refers to is users and sales volume.<br/><br/>Among the heavyweight players in the new energy industry, Nio has always been the one to bet heavily on battery swapping. Li Bin's motto is to advance car manufacturing and power station construction together, and to attract more users through services such as battery swapping.<br/><br/>In its early days, Nio built a competitive advantage by offering free battery swaps and providing an exceptional user experience. To this day, Nio still adheres to the battery swapping model.<br/><br/>According to Shen Fei, more than half of the electricity currently used by Nio car owners comes from battery swapping, and the proportion is still rising.<br/><br/>From the perspective of user service and infrastructure, Nio' approach is somewhat similar to JD.com's back then.<br/><br/>In the e-commerce sector, JD.com also insisted on self-operation and invested heavily in building its own logistics network. Because Liu Qiangdong identified a pain point in demand, he needed to provide high-quality, fast-delivery products.<br/><br/>For a long time, JD.com, whose profits were dragged down by its self-built structure, was heavily criticized. However, in the end, JD.com's business model succeeded, and it gained a foothold in the industry.<br/><br/>The self-operated model also made Liu Qiangdong another e-commerce giant that no one can surpass after Alibaba's Taobao.<br/><br/>Nio insists on building its own battery swapping stations. Once scale barriers are established and user habits are cultivated, it is equivalent to identifying and locking in a group of heavy users. Car owners who upgrade or spread word of mouth will contribute to Nio' sales and further consolidate its market share.<br/><br/>From a user experience perspective, apart from the limited number of stations, battery swapping is currently almost the only way to replenish energy that can be compared to the refueling efficiency of gasoline-powered vehicles.<br/><br/>However, the problem is that, given continued losses, a balance must be struck between heavy investment in battery swapping and sales growth; otherwise, Nio cannot sustain this in the long term.<br/><br/>Based on a conservative estimate of 2 million yuan per station for the 1,000 new battery swapping stations added in Nio this year, at least 2 billion yuan will be needed, not including operating costs.<br/><br/>For Nio, which currently holds 45.5 billion yuan in cash, survival may no longer be a problem, but if the real money spent is not proportional to sales, it will wear down investors' patience.<br/><br/>At the earnings conference, Nio Chairman Li Bin set many goals. In addition to achieving the annual sales target of 240,000 units, Nio also needs to break even in Q4 this year.<br/><br/>Nio, which is gambling heavily on battery swapping, is a bold alternative among emerging forces.<br/><br/>Li Bin also admitted that competitors and peers face many confusions and very difficult choices. “Nio is a startup and has no right to stop and think too much. While ensuring controllable operational risks and improving efficiency, we still believe that we must resolutely invest in long-term, ultimate success.”<br/><br/>Standing in the present moment, no one can know whether Li Bin's choice was right or wrong. Only time will tell whether Nio will win or lose this gamble.</p><p></body></html></p>","source":"live_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Does Li Bin want to become the next Liu Qiangdong?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDoes Li Bin want to become the next Liu Qiangdong?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-04-06 21:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author | Chai Xuchen</p><p>Nio and Li Bin still love gambling, putting in a lot of effort and spending a lot of money to fight for their own future.<br/><br/>On March 28, Nio' third-generation battery swapping station made its debut, which is a major weapon that distinguishes it from its competitors and an important bargaining chip in its big bet on the future.<br/><br/>The number of battery positions in the new battery swapping stations has increased from 13 to 21, and the daily service capacity of the stations is 30% higher than that of the second-generation stations; Battery swapping time has been reduced to less than 5 minutes; Some third-generation stations will also be equipped with LiDAR and Nvidia chips, which will be provided to sub-brand models such as Alps that do not have intelligent driving features.<br/><br/>Furthermore, the \"shrewd\" Nio even combined supercharging piles and battery swapping stations. According to Shen Fei, Senior Vice President of Nio Energy, an integrated charging and swapping station is equivalent to an investment in a high-voltage system, which is used for both battery swapping and charging.<br/><br/>The configuration is not the most impressive part. Nio’s ambition is reflected in the number of battery swapping stations. This year, it plans to build about 1,000 new third-generation battery swapping stations across the country, of which about 600 will be deployed in urban areas and some will be built in third- and fourth-tier cities.<br/><br/>It's worth noting that since Nio launched its first battery swapping station in 2018, it currently has only about 1,300 stations. Building 1,000 new ones is equivalent to doubling the number this year.<br/><br/>However, the strategy of building a large number of battery swapping stations inevitably draws skepticism from investors for a car company that is still operating at a loss.<br/><br/>In the fourth quarter of 2022, Nio’s gross profit margin plummeted to 3.9%, and it was only 10.4% for the whole year. Nio' net loss also climbed to 5.786 billion yuan in the quarter, nearly doubling year-on-year.<br/><br/>However, Shen Pei stated frankly that the battery swapping station will definitely not be blamed for this (loss), as the value created by battery swapping is enormous.<br/><br/>The value he refers to is users and sales volume.<br/><br/>Among the heavyweight players in the new energy industry, Nio has always been the one to bet heavily on battery swapping. Li Bin's motto is to advance car manufacturing and power station construction together, and to attract more users through services such as battery swapping.<br/><br/>In its early days, Nio built a competitive advantage by offering free battery swaps and providing an exceptional user experience. To this day, Nio still adheres to the battery swapping model.<br/><br/>According to Shen Fei, more than half of the electricity currently used by Nio car owners comes from battery swapping, and the proportion is still rising.<br/><br/>From the perspective of user service and infrastructure, Nio' approach is somewhat similar to JD.com's back then.<br/><br/>In the e-commerce sector, JD.com also insisted on self-operation and invested heavily in building its own logistics network. Because Liu Qiangdong identified a pain point in demand, he needed to provide high-quality, fast-delivery products.<br/><br/>For a long time, JD.com, whose profits were dragged down by its self-built structure, was heavily criticized. However, in the end, JD.com's business model succeeded, and it gained a foothold in the industry.<br/><br/>The self-operated model also made Liu Qiangdong another e-commerce giant that no one can surpass after Alibaba's Taobao.<br/><br/>Nio insists on building its own battery swapping stations. Once scale barriers are established and user habits are cultivated, it is equivalent to identifying and locking in a group of heavy users. Car owners who upgrade or spread word of mouth will contribute to Nio' sales and further consolidate its market share.<br/><br/>From a user experience perspective, apart from the limited number of stations, battery swapping is currently almost the only way to replenish energy that can be compared to the refueling efficiency of gasoline-powered vehicles.<br/><br/>However, the problem is that, given continued losses, a balance must be struck between heavy investment in battery swapping and sales growth; otherwise, Nio cannot sustain this in the long term.<br/><br/>Based on a conservative estimate of 2 million yuan per station for the 1,000 new battery swapping stations added in Nio this year, at least 2 billion yuan will be needed, not including operating costs.<br/><br/>For Nio, which currently holds 45.5 billion yuan in cash, survival may no longer be a problem, but if the real money spent is not proportional to sales, it will wear down investors' patience.<br/><br/>At the earnings conference, Nio Chairman Li Bin set many goals. In addition to achieving the annual sales target of 240,000 units, Nio also needs to break even in Q4 this year.<br/><br/>Nio, which is gambling heavily on battery swapping, is a bold alternative among emerging forces.<br/><br/>Li Bin also admitted that competitors and peers face many confusions and very difficult choices. “Nio is a startup and has no right to stop and think too much. While ensuring controllable operational risks and improving efficiency, we still believe that we must resolutely invest in long-term, ultimate success.”<br/><br/>Standing in the present moment, no one can know whether Li Bin's choice was right or wrong. Only time will tell whether Nio will win or lose this gamble.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3685870\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e9ded59d3040de65d574da08b6c4ab73","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来"},"source_url":"https://wallstreetcn.com/articles/3685870","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1182296461","content_text":"作者 | 柴旭晨蔚来和李斌还是那么喜欢赌，下大力气、花大价钱去搏一个自己的未来。3月28日，蔚来第三代换电站首次亮相，这是它区别于同行的大杀器，也是豪赌未来的重要筹码。新的换电站电池仓位数由13个增至21个，单日站点服务能力比二代站高出三成；换电时间缩短至5分钟以内；部分三代站还会装上激光雷达和英伟达的芯片，提供给没有智驾配置的阿尔卑斯等子品牌车型使用。并且“精明”的蔚来还把超充桩和换电站布局在了一起。按照蔚来能源高级副总裁沈斐的说法，充换一体站相当于高压系统投资一次，同时用在换电跟充电。配置还不是最惊人的地方，蔚来的野心体现在铺设的数量上，今年要在全国新建约1000个三代换电站，其中约600座会部署在城区，部分将建在三四线城市。要知道，蔚来自2018年布下首个换电站后，现有的站点也就1300余个，新建1000个相当于今年要翻个倍。然而大量建换电站的策略，对于一家仍在亏损的车企而言，难免招致投资者的质疑。2022年四季度，蔚来的毛利率骤降至 3.9%，全年也仅为10.4%。当季蔚来的净亏损也攀升至57.86 亿元，同比翻了近2倍。但沈裴对此直言，换电站肯定不背这个（亏损）锅，换电创造的价值非常大。他所说的价值就是用户与销量。在新能源产业各个重量级选手中，蔚来一直是豪赌换电的那个，造车与建电站共进，通过换电等服务吸引更多用户，是李斌的信条。早期的蔚来，通过免费换电池，用极致的用户体验建立起了护城河，至今蔚来仍坚持换电这一模式。据沈斐透露，目前蔚来车主补能的电量，有过半都来自换电，并且占比还在不断上升。从用户服务和基建的角度，蔚来的这种打法，有点像当年的京东。在电商领域，京东当年也是坚持自营、重金自建物流。因为刘强东发现了需求痛点，要提供高品质、快速送达的商品。在很长一段时间内，被自建拖累了利润的京东备受质疑，不过最后京东的模式成功了，在业内站稳了脚跟。自营模式也成就了刘强东，成为继阿里淘宝之后又一个没人能超越的电商巨头。蔚来坚持自建换电站，一旦形成规模壁垒，培养了用户习惯，就相当于圈定、锁住了一部分重度用户，车主们换购或者口碑传播，都将给蔚来的销量添砖加瓦，进一步巩固它的市场份额。从用户体验角度出发，除了站点没那么多之外，换电几乎是当下唯一可以与燃油车加油效率相提并论的补能方式。但问题是，在持续亏损的情况下，重金投入换电与销量增长必须取得平衡，否则蔚来无法长期支撑。按照蔚来今年 1000 座新增换电站，单站建设成本 200 万元的保守数字估计，至少需要 20 亿元，这还没算运营成本。对于目前手握 455 亿元现金的蔚来而言，生存或许不再是问题，可花出去的真金白银与销量不成正比的话，却会消磨投资人的耐心。业绩会上，蔚来董事长李斌立了不少FLAG，除了要实现24万台年销目标外，蔚来还要在今年Q4实现盈亏平衡。豪赌换电的蔚来，是新势力中胆大的另类。李斌也坦言，友商同行都有很多困惑，面临非常难的抉择。“蔚来是一家创业公司，没有资格停下来想太多。我们在确保经营风险可控、提升效率的同时，还是认为要坚决为长期的、最后的胜出去投入。”站在当下，没有人能知道李斌的选择是对是错。蔚来的这场赌局胜还是败，只能交给时间去检验。","news_type":1,"symbols_score_info":{"09866":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":5373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":624908980,"gmtCreate":1676977838441,"gmtModify":1676977838441,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"title":"","htmlText":"so？","listText":"so？","text":"so？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/624908980","repostId":"1129103721","repostType":4,"repost":{"id":"1129103721","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1676975735,"share":"https://ttm.financial/m/news/1129103721?lang=en_US&edition=fundamental","pubTime":"2023-02-21 18:35","market":"us","language":"zh","title":"Faraday Future's pre-market gains extended, with plans to begin production of the FF 91 on March 30.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129103721","media":"老虎资讯综合","summary":"周二，法拉第未来美股盘前持续走高，截至发稿涨幅超13%。法拉第未来于官网发布公告称，在公司投资人的资金如期到位后，计划于3月30日开始生产FF 91 Futurist。","content":"<p><html><head></head><body>On Tuesday, Faraday Future's US stock continued to rise in pre-market trading, with gains exceeding 13% as of press time. Faraday Future announced on its official website that it plans to begin production of the FF 91 Futurist on March 30 after the funds from the company's investors are in place as scheduled.</p><p><img src=\"https://static.tigerbbs.com/7354650e5c37764b6f65a5da05173dfb\" tg-width=\"449\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Faraday Future's pre-market gains extended, with plans to begin production of the FF 91 on March 30.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFaraday Future's pre-market gains extended, with plans to begin production of the FF 91 on March 30.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-02-21 18:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On Tuesday, Faraday Future's US stock continued to rise in pre-market trading, with gains exceeding 13% as of press time. Faraday Future announced on its official website that it plans to begin production of the FF 91 Futurist on March 30 after the funds from the company's investors are in place as scheduled.</p><p><img src=\"https://static.tigerbbs.com/7354650e5c37764b6f65a5da05173dfb\" tg-width=\"449\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/da02b327d14fbb528d302ef2b9995bf1","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129103721","content_text":"周二，法拉第未来美股盘前持续走高，截至发稿涨幅超13%。法拉第未来于官网发布公告称，在公司投资人的资金如期到位后，计划于3月30日开始生产FF 91 Futurist。","news_type":1,"symbols_score_info":{"FFIE":0.9}},"isVote":1,"tweetType":1,"viewCount":4414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625762636,"gmtCreate":1676863290827,"gmtModify":1676863290827,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"title":"","htmlText":"Buy stock against Goldman Sachs😄","listText":"Buy stock against Goldman Sachs😄","text":"Buy stock against Goldman Sachs😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625762636","repostId":"1170663535","repostType":4,"repost":{"id":"1170663535","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1676858023,"share":"https://ttm.financial/m/news/1170663535?lang=en_US&edition=fundamental","pubTime":"2023-02-20 09:53","market":"hk","language":"zh","title":"Goldman Sachs is not afraid of adjustments! It is predicted that China's stock index will rise another 24% this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1170663535","media":"华尔街见闻","summary":"中国股市自1月下旬以来的下跌势头即将出现逆转。","content":"<p><html><head></head><body>Goldman Sachs predicts that as China's economic recovery drives significant growth in corporate earnings, the downward trend in Chinese stocks since late January is about to reverse, and there is still 24% room for growth before the end of the year. Goldman Sachs believes that the Chinese stock market still has 24% room for growth before the end of the year.</p><p>On Monday local time, Goldman Sachs strategists Kinger Lau and others said in their latest report that the MSCI China Index could reach 85 points by the end of 2023, an increase of about 24% from the current level. China's stock market is about to reverse its downward trend since late January.</p><p>The strategists wrote:</p><p>The main theme of the (Chinese) stock market will gradually shift from reopening to recovery, and the drivers of potential gains may shift from multiple expansions to earnings growth or realization. They added that growth should primarily be driven by the consumer economy, with the service sector still operating significantly below pre-pandemic levels in 2019.</p><p>On February 10, Goldman Sachs economists Joseph Briggs and Devesh Kodnani raised their forecasts for China's economic growth in their latest report.<b>China's economy is projected to grow at an average rate of 6.5% in the four quarters of 2023, significantly higher than the 5.5% forecast at the end of November last year.</b></p><p>Goldman Sachs also believes that,<b>China's accelerated economic recovery will also boost global economic growth. By the end of 2023, driven by China's accelerated economic recovery and the recovery of domestic demand, the global economy will grow by an additional 1 percentage point.</b></p><p>In its report, Goldman Sachs pointed out that the Chinese economy will have a direct and positive impact on global economic growth through three channels: domestic demand, international travel demand, and commodity demand. China's domestic demand is expected to increase by 5% this year, boosting the GDP growth rate of some Asia-Pacific economies by about 0.4 percentage points; China's demand for foreign services is gradually recovering, especially outbound tourism, which will boost the economies of destination countries. In addition, the Chinese economy is accelerating its recovery or boosting international commodity demand and prices. China's daily oil demand could rebound by 1 million barrels, potentially pushing Brent crude oil prices up by about $15 per barrel.</p><p>Besides Goldman Sachs, many foreign institutions had previously expressed optimism about China's growth prospects.</p><p>Earlier this month, Fitch Ratings revised its forecast, stating that China's economy would grow by 5% in 2023, far exceeding the 4.1% forecast in December last year. Fitch's Brian Coulton research team believes that \"(China's) rapid rebound from the impact of COVID-19 means that economic activity in the first half of 2023 will be stronger than we predicted.\"</p><p>Fitch pointed out that the upward forecast was based on \"evidence that consumption and economic activity are recovering faster than initially expected,\" and that China's latest PMI data shows that the Chinese economy will grow further.</p><p>Data shows that since November 7, 2022, northbound capital has seen net inflows into A-shares for 13 consecutive weeks. The week from January 16 to January 20, 2023, saw the largest net inflow of A-shares, reaching 48.513 billion yuan. Looking at monthly data, since February, northbound capital has seen a net inflow of 8.354 billion yuan into A-shares, while the net inflow in January reached 141.29 billion yuan. This can be considered the best proof that foreign investors are optimistic about China.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is not afraid of adjustments! It is predicted that China's stock index will rise another 24% this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is not afraid of adjustments! It is predicted that China's stock index will rise another 24% this year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2023-02-20 09:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Goldman Sachs predicts that as China's economic recovery drives significant growth in corporate earnings, the downward trend in Chinese stocks since late January is about to reverse, and there is still 24% room for growth before the end of the year. Goldman Sachs believes that the Chinese stock market still has 24% room for growth before the end of the year.</p><p>On Monday local time, Goldman Sachs strategists Kinger Lau and others said in their latest report that the MSCI China Index could reach 85 points by the end of 2023, an increase of about 24% from the current level. China's stock market is about to reverse its downward trend since late January.</p><p>The strategists wrote:</p><p>The main theme of the (Chinese) stock market will gradually shift from reopening to recovery, and the drivers of potential gains may shift from multiple expansions to earnings growth or realization. They added that growth should primarily be driven by the consumer economy, with the service sector still operating significantly below pre-pandemic levels in 2019.</p><p>On February 10, Goldman Sachs economists Joseph Briggs and Devesh Kodnani raised their forecasts for China's economic growth in their latest report.<b>China's economy is projected to grow at an average rate of 6.5% in the four quarters of 2023, significantly higher than the 5.5% forecast at the end of November last year.</b></p><p>Goldman Sachs also believes that,<b>China's accelerated economic recovery will also boost global economic growth. By the end of 2023, driven by China's accelerated economic recovery and the recovery of domestic demand, the global economy will grow by an additional 1 percentage point.</b></p><p>In its report, Goldman Sachs pointed out that the Chinese economy will have a direct and positive impact on global economic growth through three channels: domestic demand, international travel demand, and commodity demand. China's domestic demand is expected to increase by 5% this year, boosting the GDP growth rate of some Asia-Pacific economies by about 0.4 percentage points; China's demand for foreign services is gradually recovering, especially outbound tourism, which will boost the economies of destination countries. In addition, the Chinese economy is accelerating its recovery or boosting international commodity demand and prices. China's daily oil demand could rebound by 1 million barrels, potentially pushing Brent crude oil prices up by about $15 per barrel.</p><p>Besides Goldman Sachs, many foreign institutions had previously expressed optimism about China's growth prospects.</p><p>Earlier this month, Fitch Ratings revised its forecast, stating that China's economy would grow by 5% in 2023, far exceeding the 4.1% forecast in December last year. Fitch's Brian Coulton research team believes that \"(China's) rapid rebound from the impact of COVID-19 means that economic activity in the first half of 2023 will be stronger than we predicted.\"</p><p>Fitch pointed out that the upward forecast was based on \"evidence that consumption and economic activity are recovering faster than initially expected,\" and that China's latest PMI data shows that the Chinese economy will grow further.</p><p>Data shows that since November 7, 2022, northbound capital has seen net inflows into A-shares for 13 consecutive weeks. The week from January 16 to January 20, 2023, saw the largest net inflow of A-shares, reaching 48.513 billion yuan. Looking at monthly data, since February, northbound capital has seen a net inflow of 8.354 billion yuan into A-shares, while the net inflow in January reached 141.29 billion yuan. This can be considered the best proof that foreign investors are optimistic about China.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fb2ed00ac5de2097917e40947bc4a36a","relate_stocks":{"000001.SH":"上证指数","HSI":"恒生指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170663535","content_text":"高盛预计，随着中国经济复苏推动企业盈利大幅增长，中国股市自1月下旬以来的下跌势头即将出现逆转，在年底前还有24%的增长空间。高盛认为中国股市在年底前还有24%的增长空间。当地时间周一，高盛策略师 Kinger Lau 等在最新报告中表示，MSCI中国指数有可能在2023年底前达到85点，较当前水平再上涨约24%。中国股市自1月下旬以来的下跌势头即将出现逆转。策略师们写道：（中国）股市的主要主题将逐渐从重新开放转向复苏，潜在收益的驱动力可能从多重扩张转向盈利增长或兑现。他们补充称，增长动力应主要倾向于消费经济，服务业的运行仍明显低于2019年疫情前的水平。在2月10日，高盛经济学家 Joseph Briggs 和 Devesh Kodnani 就在最新报告中上调了中国经济增速预期，预计2023年中国四个季度经济平均增速6.5%，显著高于去年11月底预测的5.5%。高盛还认为，中国经济加快恢复还将提振全球经济增长。到2023年年底，在中国经济加快恢复与内需复苏的推动下，全球经济将多增长1个百分点。高盛在该报告中指出，中国经济将通过国内需求、国际旅行需求和大宗商品需求三个渠道为全球经济增长带来直接的积极影响。预计今年中国内需将增加5%，带动部分亚太地区经济体的GDP增速提升约0.4个百分点；中国对外服务需求逐渐复苏，尤其是出境旅游，将提振出游目的国经济；此外，中国经济加快恢复或提振国际大宗商品需求和价格。中国每天的石油需求可能会回升100万桶，或令布油价格每桶再上涨约15美元。除了高盛外，多家外资机构此前纷纷看好中国的增长前景。本月初，惠誉评级在修正后的预测中表示，2023年中国经济将增长5%，远高于去年12月预测的4.1%。惠誉 Brian Coulton 研究团队认为：“（中国）从新冠冲击中迅速反弹，意味着2023年上半年的经济活动要比我们预测的强。”惠誉指出，上调预期是基于“消费和经济活动复苏速度快于最初预期的证据”，此外，中国最新的PMI数据显示，中国经济将进一步增长。数据显示，自2022年11月7日以来，北向资金已经连续13周净流入A股。2023年1月16日至1月20日是净流入A股最多的一周，金额达到485.13亿元。从月度数据来看，2月以来，北向资金净流入A股83.54亿元，而1月净流入金额达1412.9亿元。这可以说是外资看好中国的最好证明。","news_type":1,"symbols_score_info":{"HSI":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":4636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625557717,"gmtCreate":1676602825240,"gmtModify":1676602825240,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"title":"","htmlText":"clear","listText":"clear","text":"clear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625557717","repostId":"2312942929","repostType":4,"repost":{"id":"2312942929","kind":"highlight","pubTimestamp":1676595823,"share":"https://ttm.financial/m/news/2312942929?lang=en_US&edition=fundamental","pubTime":"2023-02-17 09:03","market":"us","language":"zh","title":"Wang Yawei's \"bottom-fishing trip to the US\" exposed: digging local coal and refining local steel.","url":"https://stock-news.laohu8.com/highlight/detail?id=2312942929","media":"华尔街见闻","summary":"美股投资重现江湖","content":"<p><html><head></head><body>Wang Yawei, a former big shot in the public offering industry and the \"fund king,\" has been keeping a low profile in the A-share market for many years.</p><p>Who would have thought that his investments in US stocks would \"blossom and bear fruit\"?</p><p>According to the latest U.S. SEC announcement, Wang Yawei's hedge fund, Gold TOP ACE AM, has recently made a major move in the U.S. stock market, heavily investing in overseas steel and coal stocks, and also investing in cryptocurrency companies.</p><p>Such investment moves not only refreshed the industry's \"expectations\" for Wang Yawei, but also sparked outside interest in Wang Yawei's previously uncertain private equity career.</p><p>Although the top fund manager is no longer in the public fund industry, his \"legend\" has spread across the river.</p><p><b>Already planned</b></p><p>Wang Yawei's voice has been exceptionally low in recent years, leading people to mistakenly believe that he and his Qianhe Investment are no longer as prosperous as they once were.</p><p>But in fact, his investment strategy and dedication are quite profound.</p><p>Back in 2012, Wang Yawei's \"first year of going private,\" he simultaneously established a hedge fund in Hong Kong. TOP ACE ASSET MANAGEMENT.</p><p>At the time, some people pointed out that Wang Yawei was \"ambitious\" in offshore investment, and that \"TOP ACE\" meant \"TOP ACE\".</p><p>However, Wang Yawei has rarely made public appearances. The last time this hedge fund exposed its investments was in 2016, when several of Wang's top holdings included new energy stocks!</p><p><b>This investment acumen, as seen this time, is astonishing.</b></p><p><b>Overseas investment nears one billion</b></p><p>Since 2016, Wang Yawei's overseas investments have disappeared without a trace, and he has only reappeared six years later.</p><p>Recently, Wang Yawei reappeared in the US market, targeting a number of \"old assets\".</p><p>According to relevant announcements, TOP ACE recently disclosed its holdings at the end of last year. The disclosure documents show that:<b>TOP ACE Asset Management's latest US stock holdings have reached a market value of $136 million, approaching one billion RMB.</b></p><p>This hedge fund holds 40 U.S. stocks, with the top ten holdings accounting for 68% of the total market capitalization, indicating a high degree of concentration.<img src=\"https://static.tigerbbs.com/b0f6a89e705f7bf410cec681ea2cadda\" tg-width=\"865\" tg-height=\"398\" referrerpolicy=\"no-referrer\"/></p><p><b>Attacking \"old assets\"</b></p><p>Specifically, the TOP six weighted stocks of TOP ACE Asset Management are all steel and coal stocks.</p><p>Clearly, Wang Yawei is determined to \"buy at the bottom\" of ferrous metal and ore resources overseas.</p><p>Specifically, Wang Yawei's strategy is as follows:</p><p>The top holding stock is<b>ALPHA METALLURGICAL RESOURCE</b>It owns several large coal mines in the United States, mainly producing coking coal for steel companies and thermal coal for power generation. The stock price has doubled in the past year, with a recent P/E of 2.16. (Data source: Third party, not proofread, the same below)<img src=\"https://static.tigerbbs.com/ba93268cab29a5619a78e147c572dc0c\" tg-width=\"865\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Second largest holding<b>ARCH RESOURCES</b>It is also a metallurgical and coking coal producer, and the company claims to supply coking coal and thermal coal worldwide. The latest P/E is 2.98 times, representing a 50% increase over the past year.</p><p>The third largest holding is<b><a href=\"https://laohu8.com/S/X\">American Steel</a>company</b>（<b>UNITED STATES STL CORP.</b>) is the company founded by the famous steel magnate Andrew Carnegie. The latest P/E is 3.25 times, representing a 20% increase over the past year.</p><p>The fourth to sixth largest holdings after that were:</p><p><b>Global steel giant ARCELORMITTAL,</b></p><p><b>The world's third largest aluminum producer<a href=\"https://laohu8.com/S/AA\">Alcoa</a>ALCOA CORP.,</b></p><p><b>PEABODY ENERGY CORP., a major coal company in the United States and Australia.</b></p><p>The aforementioned companies share the common characteristics of extremely low valuations and distinct core businesses.</p><p><b>Incidentally, they are developing \"new assets\".</b></p><p>Starting with his seventh largest holding, Wang Yawei's portfolio began to \"take off,\" with various investment directions emerging.</p><p>For example, the seventh largest holding<b>Piedmont Lithium Mining Company (<a href=\"https://laohu8.com/S/PLL.AU\">Piedmont Lithium</a>）</b>This is an Australian mining company whose main business is lithium mining.</p><p>The eighth largest holdings are Chinese concept stocks.<b>Fog Core Technology</b>E-cigarette companies are also rare Chinese concept stocks that Wang Yawei bought at the bottom of the US stock market.</p><p>The ninth largest holding, the leading company in US car rental<b><a href=\"https://laohu8.com/S/CAR\">Avis</a>Avis Budget</b>。</p><p>The tenth largest holding is a<b>Cryptocurrency exchanges</b>。</p><p><b>After firmly buying undervalued coal mines and steel at the bottom, Wang Yawei also placed bets in new energy, overseas consumption, e-cigarettes, and virtual currencies.</b></p><p>Furthermore, although Wang Yawei has acquired 40 domestic companies in the United States, there are few well-known \"big-name companies\".<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Facebook,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Not in the holdings, \"only\" one big-name company is...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p><b>Overseas team lineup</b></p><p>How are these companies invested and managed?</p><p>This is probably something the market is highly concerned about, as Zishitang has pieced together some information about Wang Yawei's overseas team through publicly available information.</p><p>Public information shows that the signatory of TOP ACE's disclosure documents in the United States is \"Siu Wah CHUNG\", also known as Zhong Zhaohua, who joined TOP ACE Asset Management in 2015.</p><p>In addition, the team members include Zhang Yongkang, Cecilia Hsu, Luo Yiwen, Deng Zhengxing, Wang Yawei, Wang Jiahui, Yang Junxian, and others.</p><p>Among them, those with management functions are Wang Yawei, Zhang Yongkang, Zhong Zhaohua, and Yang Junxian.<img src=\"https://static.tigerbbs.com/650c3789e971bf63d6b2efa3c4cd6895\" tg-width=\"865\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>Industry sources also indicate that Zhong Zhaohua may be TOPACE's chief investment officer, having previously worked at Citibank.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wang Yawei's \"bottom-fishing trip to the US\" exposed: digging local coal and refining local steel.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWang Yawei's \"bottom-fishing trip to the US\" exposed: digging local coal and refining local steel.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-02-17 09:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Wang Yawei, a former big shot in the public offering industry and the \"fund king,\" has been keeping a low profile in the A-share market for many years.</p><p>Who would have thought that his investments in US stocks would \"blossom and bear fruit\"?</p><p>According to the latest U.S. SEC announcement, Wang Yawei's hedge fund, Gold TOP ACE AM, has recently made a major move in the U.S. stock market, heavily investing in overseas steel and coal stocks, and also investing in cryptocurrency companies.</p><p>Such investment moves not only refreshed the industry's \"expectations\" for Wang Yawei, but also sparked outside interest in Wang Yawei's previously uncertain private equity career.</p><p>Although the top fund manager is no longer in the public fund industry, his \"legend\" has spread across the river.</p><p><b>Already planned</b></p><p>Wang Yawei's voice has been exceptionally low in recent years, leading people to mistakenly believe that he and his Qianhe Investment are no longer as prosperous as they once were.</p><p>But in fact, his investment strategy and dedication are quite profound.</p><p>Back in 2012, Wang Yawei's \"first year of going private,\" he simultaneously established a hedge fund in Hong Kong. TOP ACE ASSET MANAGEMENT.</p><p>At the time, some people pointed out that Wang Yawei was \"ambitious\" in offshore investment, and that \"TOP ACE\" meant \"TOP ACE\".</p><p>However, Wang Yawei has rarely made public appearances. The last time this hedge fund exposed its investments was in 2016, when several of Wang's top holdings included new energy stocks!</p><p><b>This investment acumen, as seen this time, is astonishing.</b></p><p><b>Overseas investment nears one billion</b></p><p>Since 2016, Wang Yawei's overseas investments have disappeared without a trace, and he has only reappeared six years later.</p><p>Recently, Wang Yawei reappeared in the US market, targeting a number of \"old assets\".</p><p>According to relevant announcements, TOP ACE recently disclosed its holdings at the end of last year. The disclosure documents show that:<b>TOP ACE Asset Management's latest US stock holdings have reached a market value of $136 million, approaching one billion RMB.</b></p><p>This hedge fund holds 40 U.S. stocks, with the top ten holdings accounting for 68% of the total market capitalization, indicating a high degree of concentration.<img src=\"https://static.tigerbbs.com/b0f6a89e705f7bf410cec681ea2cadda\" tg-width=\"865\" tg-height=\"398\" referrerpolicy=\"no-referrer\"/></p><p><b>Attacking \"old assets\"</b></p><p>Specifically, the TOP six weighted stocks of TOP ACE Asset Management are all steel and coal stocks.</p><p>Clearly, Wang Yawei is determined to \"buy at the bottom\" of ferrous metal and ore resources overseas.</p><p>Specifically, Wang Yawei's strategy is as follows:</p><p>The top holding stock is<b>ALPHA METALLURGICAL RESOURCE</b>It owns several large coal mines in the United States, mainly producing coking coal for steel companies and thermal coal for power generation. The stock price has doubled in the past year, with a recent P/E of 2.16. (Data source: Third party, not proofread, the same below)<img src=\"https://static.tigerbbs.com/ba93268cab29a5619a78e147c572dc0c\" tg-width=\"865\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Second largest holding<b>ARCH RESOURCES</b>It is also a metallurgical and coking coal producer, and the company claims to supply coking coal and thermal coal worldwide. The latest P/E is 2.98 times, representing a 50% increase over the past year.</p><p>The third largest holding is<b><a href=\"https://laohu8.com/S/X\">American Steel</a>company</b>（<b>UNITED STATES STL CORP.</b>) is the company founded by the famous steel magnate Andrew Carnegie. The latest P/E is 3.25 times, representing a 20% increase over the past year.</p><p>The fourth to sixth largest holdings after that were:</p><p><b>Global steel giant ARCELORMITTAL,</b></p><p><b>The world's third largest aluminum producer<a href=\"https://laohu8.com/S/AA\">Alcoa</a>ALCOA CORP.,</b></p><p><b>PEABODY ENERGY CORP., a major coal company in the United States and Australia.</b></p><p>The aforementioned companies share the common characteristics of extremely low valuations and distinct core businesses.</p><p><b>Incidentally, they are developing \"new assets\".</b></p><p>Starting with his seventh largest holding, Wang Yawei's portfolio began to \"take off,\" with various investment directions emerging.</p><p>For example, the seventh largest holding<b>Piedmont Lithium Mining Company (<a href=\"https://laohu8.com/S/PLL.AU\">Piedmont Lithium</a>）</b>This is an Australian mining company whose main business is lithium mining.</p><p>The eighth largest holdings are Chinese concept stocks.<b>Fog Core Technology</b>E-cigarette companies are also rare Chinese concept stocks that Wang Yawei bought at the bottom of the US stock market.</p><p>The ninth largest holding, the leading company in US car rental<b><a href=\"https://laohu8.com/S/CAR\">Avis</a>Avis Budget</b>。</p><p>The tenth largest holding is a<b>Cryptocurrency exchanges</b>。</p><p><b>After firmly buying undervalued coal mines and steel at the bottom, Wang Yawei also placed bets in new energy, overseas consumption, e-cigarettes, and virtual currencies.</b></p><p>Furthermore, although Wang Yawei has acquired 40 domestic companies in the United States, there are few well-known \"big-name companies\".<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Facebook,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Not in the holdings, \"only\" one big-name company is...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p><b>Overseas team lineup</b></p><p>How are these companies invested and managed?</p><p>This is probably something the market is highly concerned about, as Zishitang has pieced together some information about Wang Yawei's overseas team through publicly available information.</p><p>Public information shows that the signatory of TOP ACE's disclosure documents in the United States is \"Siu Wah CHUNG\", also known as Zhong Zhaohua, who joined TOP ACE Asset Management in 2015.</p><p>In addition, the team members include Zhang Yongkang, Cecilia Hsu, Luo Yiwen, Deng Zhengxing, Wang Yawei, Wang Jiahui, Yang Junxian, and others.</p><p>Among them, those with management functions are Wang Yawei, Zhang Yongkang, Zhong Zhaohua, and Yang Junxian.<img src=\"https://static.tigerbbs.com/650c3789e971bf63d6b2efa3c4cd6895\" tg-width=\"865\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>Industry sources also indicate that Zhong Zhaohua may be TOPACE's chief investment officer, having previously worked at Citibank.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3682131\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fc971725263c2b592c0a61596e6e30ad","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3682131","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2312942929","content_text":"美股投资重现江湖公募业曾经的大佬、“基金一哥”王亚伟，在A股市场上已经低调多年。谁又能想到，他在美股投资上却“开花结果”。根据最新的美国SEC公告，王亚伟旗下的对冲基金金TOP ACE AM,最新在美股大举出击，重仓出击海外的钢铁和煤炭股，此外亦涉足虚拟币类公司投资。这样的投资手笔，不仅刷新了业内对王亚伟的“预期”，亦让外界对“雾里看花”的王亚伟私募生涯兴趣顿生。一哥虽已不在公募的“江湖”，但隔岸却传来的哥的“传说”。早有布局王亚伟近年的声量格外低沉，让人误以为他和他的千合投资已不复当年盛勇。但其实，他在投资上的布局和用心相当深远。早在2012年，王亚伟的“奔私元年”，他就同时在香港了成立对冲基金TOP ACE ASSET MANAGEMENT。当时就有人指出，王亚伟对离岸投资“雄心勃勃”，TOP ACE的寓意是“顶级王牌”。然而，王亚伟“亮牌”的次数极少，上一次这家对冲基金曝光投资是2016年，其时，老王的前几大重仓股有多只新能源股！这份投资嗅觉，如今回看令人咋舌。海外投资近十亿自2016年后，王亚伟的海外投资就不见“踪迹”，再次现身已是六年后。日前，王亚伟再次现身美国市场，瞄准的却是一批“旧资产”。根据相关公告，TOP ACE日前披露了去年末的持仓明细。披露文件显示：TOP ACE资管最新美股持仓市值达到1.36亿美元，接近十亿人民币。这家对冲基金持有40只美国股票，位列前十大持仓的股票总市值占总持仓市值的68%，集中度较高。出击“旧资产”具体来看，TOP ACE资管公司的前六大权重股，均为钢铁和煤炭股。显然，王亚伟铁了心要在海外“抄底”黑色金属和矿石资源。具体来看，王亚伟的布局如下：头号重仓股是ALPHA METALLURGICAL RESOURCE，拥有多个美国当地的大型煤矿，主要生产钢铁企业用的焦煤，和发电用的动力煤。该股过去一年股价翻倍，最新市盈率2.16倍。（数据来源第三方，未校对，下同）第二大重仓股ARCH RESOURCES，也是一家冶金和炼焦煤生产商，公司号称向全球提供焦煤和动力煤。最新市盈率2.98倍，过去一年涨幅50%。第三大重仓股是美国钢铁公司（UNITED STATES STL CORP），就是那个著名钢铁大王卡内基安德鲁·卡内基创办的公司。最新市盈率3.25倍，过去一年涨幅20%。此后的第四~第六大重仓股分别是：全球钢铁巨头安塞乐米塔尔（ARCELORMITTAL）、全球第三大铝材生产商美国铝业公司（ALCOA CORP）、美澳的重要煤炭公司皮博迪能源公司（PEABODY ENERGY CORP）。上述公司的共同特点是估值极低，主业鲜明。顺带布局“新资产”从第七大重仓股开始，王亚伟的持仓组合开始“放飞”，出现各种投资的方向。比如第七大重仓股皮埃蒙特锂矿公司（Piedmont Lithium），这是一家澳大利亚矿业公司，主业是开采锂矿。第八大重仓股是中概股雾芯科技，电子烟企业，也是王亚伟抄底美股中少见的中概股。第九大重仓股美国汽车租赁的龙头公司安飞士百捷（Avis Budget）。第十大重仓股是一家加密货币交易所。在坚定抄底低估值煤矿和钢铁后，王亚伟顺带着在新能源、海外消费、电子烟和虚拟货币里下了注。此外，尽管王亚伟买入40家美国本土公司，但少见耳熟能详的“大牌公司”，苹果、脸书、亚马逊、微软并不在持仓中，“仅”有的一家大牌公司是特斯拉。海外团队阵容这批公司是如何投资管理的？这想必也是市场高度关心的，资事堂通过公开信息拼凑出王亚伟海外团队的些许情况。公开信息显示：TOP ACE在美国披露文件中的签字人为“Siu Wah CHUNG”，即钟兆华，2015年加入TOP ACE资管公司。此外团队人员还包括张永康、许柏芝、罗怡雯、邓正行、王亚伟、王家辉、杨俊贤等。其中有管理职能的是王亚伟、张永康、钟兆华和杨俊贤。业内的信息还显示，钟兆华或是TOPACE的首席投资官，早期在花旗银行任职过。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":5086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625580944,"gmtCreate":1676558604789,"gmtModify":1676558604789,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"title":"","htmlText":"It is time to cut","listText":"It is time to cut","text":"It is time to cut","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625580944","repostId":"1166103895","repostType":4,"repost":{"id":"1166103895","kind":"news","pubTimestamp":1676526612,"share":"https://ttm.financial/m/news/1166103895?lang=en_US&edition=fundamental","pubTime":"2023-02-16 13:50","market":"us","language":"zh","title":"Betting on the Chinese market has become the \"most crowded trade\" on Wall Street.","url":"https://stock-news.laohu8.com/highlight/detail?id=1166103895","media":"华尔街见闻","summary":"中国股市仍有进一步的上涨空间。","content":"<p><html><head></head><body><b>Investors are increasingly optimistic about China's economic prospects. Strategists believe that the Chinese stock market still has further upside potential.</b>As investors turn to Chinese and emerging market stocks, betting on the Chinese market has become one of the \"most crowded trades\" on Wall Street.</p><p>On Wednesday, Bank of America's monthly survey of 262 fund managers showed that<b>In February, global fund managers increased their allocation to emerging markets, including China, for the third consecutive month</b>。<b>More than 20% of fund managers believe that \"going long on China\" has become the \"most crowded trade\" in the market, for the first time since the survey began in 1985.</b></p><p>Since early November last year, China's adjustments and optimizations to epidemic-related measures have greatly boosted market sentiment, with blue-chip stocks on the Shanghai Stock Exchange rising 14%. Foreign capital also actively participated in the Chinese market, with net purchases of Chinese stocks totaling $27.7 billion in January, a record high for a single month.</p><p>The survey also found that in February of this year, 46% of fund managers adjusted their allocation to emerging market stocks to \"increased holdings\". This is due to increased investor optimism about China's economic prospects and confidence that the dollar's rally has peaked.</p><p>The strategist believes that,<b>The Chinese stock market still has further room to rise. Societe Generale estimates that companies listed on the Shanghai Stock Exchange will have an average P/E of 11.6 times this year, with expected earnings growth of 18.8%. The average P/E in emerging markets is 12.4 times, with expected earnings growth of 6.7%.</b></p><p>Pramol Dhawan, managing director of Pacific Investment Management (Pimco), a U.S. fund management company, said that emerging markets are undervalued compared to history and are “undervalued” as an asset class after a massive investor withdrawal in 2022.</p><p>Robert Buckland, chief global equity strategist at Citigroup, believes that cash-rich Middle Eastern sovereign wealth funds could also drive up Chinese stock markets.</p><p>Given the significant increase in energy producers' purchasing power in financial markets, now is a good time for them to invest this wealth. Petrodollar investors will use their wealth to solidify long-term economic and commercial relationships, especially with other emerging markets.<b>But fund managers also believe that trading has become \"worryingly hot\"—Chinese stocks are becoming increasingly popular, making it hard to believe that market enthusiasm will continue unabated.</b></p><p>More than two-thirds of respondents indicated that they believe China's reopening of the economy could push up global inflation, and the biggest tail risk facing fund managers is that inflation will remain stubbornly high for a longer period of time.</p><p>Michael Hartnett, Chief Investment Strategist of Global Research at Bank of America, said:</p><p>The reopening of China's economy is clearly beneficial to global economic growth, but if this does translate into higher inflationary pressures, as we have seen in other parts of the world during the post-pandemic recovery, then it could pose problems for central banks (outside of China). Meanwhile, on Wednesday, the People's Bank of China exceeded its MLF for the third consecutive month, conducting 499 billion yuan of MLF operations and 203 billion yuan of open market reverse repurchase operations. The transaction announcement stated that the two operations fully met the needs of financial institutions.</p><p>Banny Lam, head of research at Ceb International Inv Corp Ltd., told the media:</p><p>This is a short-term correction, and as the Chinese government provides more policy support to different sectors of the Chinese economy to guide the market, both Hong Kong and mainland Chinese markets are likely to rebound in March.</body></html></p>","source":"wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Betting on the Chinese market has become the \"most crowded trade\" on Wall Street.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetting on the Chinese market has become the \"most crowded trade\" on Wall Street.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-02-16 13:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Investors are increasingly optimistic about China's economic prospects. Strategists believe that the Chinese stock market still has further upside potential.</b>As investors turn to Chinese and emerging market stocks, betting on the Chinese market has become one of the \"most crowded trades\" on Wall Street.</p><p>On Wednesday, Bank of America's monthly survey of 262 fund managers showed that<b>In February, global fund managers increased their allocation to emerging markets, including China, for the third consecutive month</b>。<b>More than 20% of fund managers believe that \"going long on China\" has become the \"most crowded trade\" in the market, for the first time since the survey began in 1985.</b></p><p>Since early November last year, China's adjustments and optimizations to epidemic-related measures have greatly boosted market sentiment, with blue-chip stocks on the Shanghai Stock Exchange rising 14%. Foreign capital also actively participated in the Chinese market, with net purchases of Chinese stocks totaling $27.7 billion in January, a record high for a single month.</p><p>The survey also found that in February of this year, 46% of fund managers adjusted their allocation to emerging market stocks to \"increased holdings\". This is due to increased investor optimism about China's economic prospects and confidence that the dollar's rally has peaked.</p><p>The strategist believes that,<b>The Chinese stock market still has further room to rise. Societe Generale estimates that companies listed on the Shanghai Stock Exchange will have an average P/E of 11.6 times this year, with expected earnings growth of 18.8%. The average P/E in emerging markets is 12.4 times, with expected earnings growth of 6.7%.</b></p><p>Pramol Dhawan, managing director of Pacific Investment Management (Pimco), a U.S. fund management company, said that emerging markets are undervalued compared to history and are “undervalued” as an asset class after a massive investor withdrawal in 2022.</p><p>Robert Buckland, chief global equity strategist at Citigroup, believes that cash-rich Middle Eastern sovereign wealth funds could also drive up Chinese stock markets.</p><p>Given the significant increase in energy producers' purchasing power in financial markets, now is a good time for them to invest this wealth. Petrodollar investors will use their wealth to solidify long-term economic and commercial relationships, especially with other emerging markets.<b>But fund managers also believe that trading has become \"worryingly hot\"—Chinese stocks are becoming increasingly popular, making it hard to believe that market enthusiasm will continue unabated.</b></p><p>More than two-thirds of respondents indicated that they believe China's reopening of the economy could push up global inflation, and the biggest tail risk facing fund managers is that inflation will remain stubbornly high for a longer period of time.</p><p>Michael Hartnett, Chief Investment Strategist of Global Research at Bank of America, said:</p><p>The reopening of China's economy is clearly beneficial to global economic growth, but if this does translate into higher inflationary pressures, as we have seen in other parts of the world during the post-pandemic recovery, then it could pose problems for central banks (outside of China). Meanwhile, on Wednesday, the People's Bank of China exceeded its MLF for the third consecutive month, conducting 499 billion yuan of MLF operations and 203 billion yuan of open market reverse repurchase operations. The transaction announcement stated that the two operations fully met the needs of financial institutions.</p><p>Banny Lam, head of research at Ceb International Inv Corp Ltd., told the media:</p><p>This is a short-term correction, and as the Chinese government provides more policy support to different sectors of the Chinese economy to guide the market, both Hong Kong and mainland Chinese markets are likely to rebound in March.</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3682066\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/55eb327f580527889cf30bafa92692ae","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://wallstreetcn.com/articles/3682066","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166103895","content_text":"投资者对中国经济前景的乐观情绪不断增强。策略师认为，中国股市仍有进一步的上涨空间。随着投资者纷纷转向中国市场和新兴市场股票，对中国市场的押注已经成为了华尔街“最拥挤的交易”。周三，美国银行对262名基金经理的月度调查显示，今年2月，全球基金经理连续第三个月增加了对包括中国在内的新兴市场的股票配置。超过20%的基金经理认为，“做多中国”已经成为市场上“最拥挤的交易”，这是自该调查始于1985年以来的首次。自去年11月初以来，中国对疫情相关措施的调整优化极大地提振了市场情绪，上海交易所的蓝筹股已经上涨了14%。外资也积极参与中国市场，1月份净买入中国境内股票277亿美元，创单月历史新高。调查还发现，今年2月，有46%的基金经理将新兴市场股票配置的比例调整为“增持”。这得益于投资者对中国经济前景的乐观情绪增强，以及对美元涨势已经见顶的信心。策略师认为，中国股市仍有进一步的上涨空间。法国兴业银行估计，在上海交易所上市的公司今年的平均市盈率为11.6倍，预期盈利增长18.8%；而新兴市场的平均市盈率为12.4倍，预期盈利增长6.7%。美国基金管理公司太平洋投资管理公司（Pimco）董事总经理 Pramol Dhawan 表示，与历史相比，新兴市场的估值较低，而在2022年投资者大举撤资之后，新兴市场作为一个资产类别“被低估了”。花旗集团首席全球股票策略师 Robert Buckland 认为，现金充足的中东主权财富基金也可能推动中国股市上涨：鉴于能源生产商在金融市场上的购买力大幅上升，现在正是他们投资这些财富的好时机。石油美元投资者将利用他们的财富来巩固长期的经济和商业关系，尤其是与其他新兴市场的关系。但基金经理们也认为，交易已经火热到“令人担忧”——中国股票越来越受欢迎，令人难以相信市场热情会毫不减弱地持续下去。超过三分之二的受访者指出，他们认为中国经济重新开放可能推高全球通胀，基金经理面临的最大尾部风险是，通胀将在更长时间内顽固地保持在较高水平。美国银行全球研究部首席投资策略师 Michael Hartnett 表示：中国经济重新开放显然对全球经济增长有利，但如果这真的转化为更高的通胀压力，就像疫情后复苏期间我们在世界其他地区看到的那样，那么这可能给（中国以外的）央行带来问题。与此同时，周三，中国人民银行连续三个月超额续作MLF，开展了4990亿元MLF操作，以及2030亿元公开市场逆回购操作。交易公告称，两项操作充分满足了金融机构需求。Ceb International Inv Corp Ltd. 研究主管 Banny Lam 向媒体表示：这是一次短期调整，随着中国政府对中国经济的不同领域提供更多政策支持，引导市场，香港和中国内地市场都可能在3月份出现反弹。","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":4791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625220100,"gmtCreate":1676516766802,"gmtModify":1676516766802,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"title":"","htmlText":"great fox","listText":"great fox","text":"great 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